Best & Cheapest Homeowners Insurance in Lincoln, NE For December, 2024
Travelers offers the cheapest home insurance for Lincoln homeowners, with an average yearly cost of $1,874.
We’ve saved shoppers an average of $450 per year on their home insurance.
After conducting a thorough examination of home insurance providers in Lincoln, Nebraska, we found that Travelers stands out as the most budget-friendly choice, with an average annual premium of $1,874. However, it’s important to note that the best insurer can vary depending on your individual circumstances and preferences.
For instance, if your credit score has been impacted negatively, Allstate remains the most economical option, with an average yearly premium of $3,860. Conversely, for owners of recently constructed homes, Travelers emerges once again as the most cost-effective option, charging $1,265 per year. If you own an older home, Allstate provides competitive rates of $3,072 per year along with comprehensive coverage.
Moreover, if you possess valuable personal property requiring protection, Allstate remains the recommended choice, offering comprehensive coverage at a reasonable rate of $1,937 per year. For individuals with a history of claims, USAA provides an understanding and affordable solution at $4,053 annually.
Our thorough analysis at Insuranceopedia aims to assist you in finding the ideal match for your home insurance requirements. We evaluate customer ratings, examine personal experiences, and provide comparison charts to furnish you with all the necessary information for making a well-informed decision.
How much is homeowners insurance in Lincoln, NE?
In Lincoln, Travelers offers the most affordable homeowners insurance rate, priced at $1,874 per year.
As stated below, insurance rates in Lincoln exceed the national average but fall below the average rates for the state of Nebraska.
| Area | Average Monthly Rate |
| National | $1,820 |
| Nebraska | $2,980 |
| Lincoln | $2,512 |
Understanding that insurance rates are not standardized is crucial because they can vary significantly based on various factors.
Cheapest Homeowners Insurance in Lincoln, NE 2024
Our Methodology
In our pursuit of the most economical home insurance rates in Lincoln, we scrutinized data from various home insurance review platforms. These platforms gathered rates from public filings obtained through Quadrant Information Services, and we calculated an average of these rates for our analysis. However, it's crucial to understand that rates from each company can fluctuate frequently and may vary based on your specific circumstances. Furthermore, our comprehensive rating also considers my subjective evaluation. This assessment is based on my fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest homeowners insurance in Lincoln, NE
Travelers stands out as the premier option for affordable homeowners insurance in Lincoln, Nebraska, offering an average annual rate of $1,874.
| Company | Annual Premium |
| Travelers | $1,874 |
| Nationwide | $2,095 |
| Allstate | $2,142 |
| Farmers | $2,630 |
| State Farm | $3,462 |
Your insurance premium is influenced by several factors, including your location, the value of your home, and your claims history. Travelers offers a balanced combination of affordability and comprehensive coverage options, making it an attractive choice for homeowners.
Cheapest Homeowners Insurance If You Have Poor Credit
Allstate offers the most affordable option for individuals with poor credit scores, with an average annual rate of $3,860.
| Insurance Company | Average Annual Premium |
| Allstate | $3,860 |
| Nationwide | $3,970 |
| State Farm | $4,398 |
| MetLife | $5,217 |
| Farmers | $13,080 |
Your credit score plays a significant role in determining your insurance rates, as insurers use it to evaluate risk. Allstate acknowledges the importance of offering equitable coverage to all individuals, regardless of their financial situations.
Cheapest Homeowners Insurance In Lincoln If You Have an Older Home
For homeowners with older homes, Allstate provides the most affordable rates, averaging $3,072 per year.
| Insurance Company | Average Annual Premium |
| Allstate | $3,072 |
| USAA | $3,090 |
| Foremost | $4,031 |
| State Farm | $4,068 |
| Nationwide | $4,525 |
Older homes often carry unique risks and maintenance challenges that can result in higher insurance costs. However, Allstate offers competitive rates and comprehensive coverage specifically tailored to address the needs of older homes, making it a reliable choice for homeowners seeking affordable and effective insurance solutions.
Cheapest Homeowners Insurance for Newly Constructed Homes
If you’ve recently bought a newly constructed home, Travelers offers the most budget-friendly option, with an average annual rate of $1,265.
| Insurance Company | Average Annual Premium |
| Travelers | $1,265 |
| Nationwide | $1,378 |
| Allstate | $1,507 |
| Farmers | $2,199 |
| State Farm | $2,630 |
Newly constructed homes often require unique coverage compared to older properties, and Travelers excels in providing affordable policies tailored to meet these specific needs.
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Cheapest Home Insurance Rates for Lots of Personal Property
| Insurance Company | Average Annual Premium |
| Allstate | $1,937 |
| MetLife | $2,170 |
| Nationwide | $2,383 |
| Farmers | $2,716 |
| State Farm | $3,499 |
As your personal property expands, your coverage requirements may increase, potentially resulting in higher premiums. Nevertheless, Allstate provides comprehensive coverage at fair rates, ensuring that all your belongings are adequately protected.
Cheapest Home Insurance In Lincoln for a History of Claims
Homeowners with a history of claims can find an affordable solution with USAA, which offers an average annual rate of $4,053.
| Insurance Company | Average Annual Premium |
| USAA | $4,053 |
| State Farm | $4,630 |
| Allstate | $4,657 |
| Nationwide | $7,145 |
| Foremost | $10,230 |
Having a history of claims can indeed raise concerns for insurers and often result in higher premiums. However, USAA believes in providing second chances and offers reasonable rates for homeowners with past claims, ensuring they can still access quality coverage without facing exorbitant costs.
Best Homeowners Insurance Companies in Lincoln, NE
Choosing the right homeowners insurance isn’t just about necessity; it’s a strategic decision. Lincoln’s homes, rich in history, are as unique as its residents. Therefore, finding an insurance provider offering comprehensive coverage at competitive rates becomes essential.
To simplify your decision-making process, we’ve compiled a list of the top homeowners insurance companies in Lincoln, Nebraska. These companies were assessed based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Take a look at our comparison chart below to identify the perfect fit for your home insurance needs.
| Company | Annual Premium |
| Travelers | $1,874 |
| Nationwide | $2,095 |
| Allstate | $2,142 |
| Farmers | $2,630 |
| State Farm | $3,462 |
| MetLife | $2,034 |
| American Family | $3,320 |
Average Home Insurance Rates by Zip Codes
The price of home insurance in Lincoln, NE can fluctuate significantly based on the zip code. Below are tables presenting rates for various zip codes, indicating both the cheapest and most expensive options for annual premiums.
| ZIP Code | Average Insurance Premium (Annual) |
| 68526 | $2,495 |
| 68510 | $2,480 |
| 68506 | $2,472 |
| 68524 | $2,649 |
| 68532 | $2,677 |
Cheapest Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 68526 | $2,495 |
| 68510 | $2,480 |
| 68506 | $2,472 |
Most Expensive Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 68524 | $2,649 |
| 68532 | $2,677 |
| 68528 | $2,643 |
Average Home Insurance Rates in Lincoln, NE by Deductible Amount
The deductible you select for your homeowners insurance policy has a significant impact on premium rates in Lincoln, NE. Here’s how average home insurance rates change based on various deductible amounts:
| Deductible | Annual Rate |
| $500 | $2,477 |
| $1,000 | $2,298 |
| $1,500 | $2,215 |
| $2,000 | $2,065 |
| $5,000 | $1,772 |
Average Home Insurance Rates in Lincoln, NE By Coverage Amount
The amount of dwelling coverage you choose is a crucial factor that affects your premium, as it represents the maximum sum your insurance company will pay to rebuild or repair your home in the event of damage or destruction.
Below is a comparison chart showing the average annual homeowners insurance premiums for different dwelling coverage amounts.
| Dwelling Coverage Amount | Average Annual Premium |
| $200,000 | $2,315 |
| $250,000 | $2,890 |
| $300,000 | $3,420 |
| $400,000 | $4,255 |
Average Home Insurance Rates in Lincoln, NE by Company
Here’s a comparison of annual premiums from some of the leading insurance companies in Lincoln.
| Company | Annual Premium |
| Travelers | $1,874 |
| Nationwide | $2,095 |
| Allstate | $2,142 |
| Farmers | $2,630 |
| State Farm | $3,462 |
| MetLife | $2,034 |
| American Family | $3,320 |
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How Much is Homeowners Insurance for Other Cities in Nebraska?
Here’s a detailed comparison chart displaying the most budget-friendly insurance companies and their annual premiums across different cities in Nebraska.
| City | Annual Premium |
| Omaha | $3,340 |
| Papillion | $2,960 |
| Norfolk | $3,356 |
| Columbus | $3,299 |
Getting Online Homeowners Insurance Quotes in Nebraska
Platforms like Insuranceopedia simplify the process of finding customized coverage to match your needs with just a few clicks. By providing quick online quotes from top-rated insurers, Insuranceopedia allows you to easily compare rates.
Just enter your information, and let us take care of the rest by presenting a range of options tailored to your requirements. This enables you to confidently choose a policy that offers the best value, striking the perfect balance between cost and comprehensive coverage.
FAQs
Who has the cheapest home insurance in Lincoln, NE?
Travelers offers the most affordable homeowners insurance in Lincoln, Nebraska, with an annual premium of $1,874.
What is the average cost of home insurance in Lincoln, NE?
On average, homeowners insurance in Lincoln, Nebraska, costs around $2,512 per year.
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